Registered number
12217468
Coldfront Air Conditioning And Refrigeration Limited
Filleted Accounts
30 September 2023
Coldfront Air Conditioning And Refrigeration Limited
Registered number: 12217468
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 33,154 40,476
Current assets
Debtors 4 138,873 118,659
Cash at bank and in hand 224,505 53,658
363,378 172,317
Creditors: amounts falling due within one year 5 (122,220) (71,418)
Net current assets 241,158 100,899
Total assets less current liabilities 274,312 141,375
Creditors: amounts falling due after more than one year 6 (16,167) (18,767)
Provisions for liabilities (6,299) (10,119)
Net assets 251,846 112,489
Capital and reserves
Called up share capital 100 100
Profit and loss account 251,746 112,389
Shareholders' funds 251,846 112,489
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Warwick
Director
Approved by the board on 20 March 2024
Coldfront Air Conditioning And Refrigeration Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance basis
Fixtures, fittings, tools and equipment 25% reducing balance basis
Motor vehicles 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 11,248 34,250 45,498
Additions 1,328 - 1,328
At 30 September 2023 12,576 34,250 46,826
Depreciation
At 1 October 2022 2,352 2,670 5,022
Charge for the year 2,334 6,316 8,650
At 30 September 2023 4,686 8,986 13,672
Net book value
At 30 September 2023 7,890 25,264 33,154
At 30 September 2022 8,896 31,580 40,476
4 Debtors 2023 2022
£ £
Trade debtors 65,939 22,046
Other debtors 72,934 96,613
138,873 118,659
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,600 2,600
Trade creditors 42,080 14,302
Taxation and social security costs 75,101 52,809
Other creditors 2,439 1,707
122,220 71,418
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 16,167 18,767
7 Other information
Coldfront Air Conditioning And Refrigeration Limited is a private company limited by shares and incorporated in England. Its registered office is:
River Bank House
65A Bishopstoke Road
Bishopstoke
Eastleigh
SO50 6BF
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